How will you ensure you provide fully safe and secured service?
Are you talking about the gold?
The Crypto AssetAssumption● Cost and buyback are 100% based on LBMA price of gold.
● Redeemable at any time through the Withdrawal Smart Contract.
● 100% Withdrawal to FIAT or to physical bullion gold.
The withdrawal of the gold is subject to KYC and AML procedures carried out by the Vault.
Gold PriceThe price for any purchase or redemption of gold is based on the Best Bid or Offer in each of our respective vault locations.
This ensures the most accurate price available for the front-end user.
Physical Gold EmissionGold (999 quality granules) is purchased at the BBO price (from different refineries) directly through our Trust.
The Vendor transmits the number of grams of physical gold owned by Karatcoin in the vault and updates the Gold Asset Registry, making it transparent and open to all members.
The amount of gold held by Karatcoin is monthly checked by an external authorized auditor.
All KCG (Karatcoin gold) transitions are stored in a public ledger inside the KC blockchain, and all asset documents are stored as images in the IPFS (Interplanetary File System) to guarantee their immutability (thus giving everyone the opportunity to check and verify them).
You can check our different processes on our tech white paper (light public version):
https://s3-eu-west-1.amazonaws.com/karatcoin.co/files/docs/KC_Tech-WP.pdf